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Buckle Up for More Retail Earnings

NEW YORK ( TheStreet) -- My major focus this week is on 18 buy-rated stocks in the retail-wholesale sector that report quarterly results.

On Monday, I profiled the front nine and today it's the back nine. I am calling an earnings beat a birdie, a match a par, and a miss a bogey. An under-par round of earnings from buy-rated retail stocks will be a key to sustaining the upward momentum to the overall stock market.

The stock market remains under a ValuEngine Valuation Warning which intensified this morning with 72.8% of all stocks overvalued, and with 34.5% of these overvalued by 20% or more.

Among the 16 sectors tracked by ValuEngine, 15 are overvalued, 14 by double-digit percentages. Six of these sectors are now overvalued by more than 20% led by the retail-wholesale sector by 23%. This sector of 360 stocks includes 224 or 62.2% with buy ratings, which continues my overweight rating for the sector.

Tomorrow I will profile the buy-rated names in the Dow industrial average, which set another all-time high at 13,391.84 on Monday.

Today the number of buy-rated stocks declined to 15 after IBM (IBM - Get Report) ($207.60) was downgraded to hold from buy this morning.

There are 13 hold-rated stocks in the Dow and two sell-rated names; Caterpillar (CAT - Get Report) ($88.33) and DuPont (DD - Get Report) ($55.93).

Here are the profiles for the back nine of this week's retail earnings:

Reading the Table

Reading the Table

OV/UN Valued: Stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.

VE Rating: A "1-engine" rating is a strong sell, a "2-engine" rating is a sell, a "3-engine" rating is a hold, a "4-engine" rating is a buy and a "5-engine" rating is a strong buy.

Last 12-Month Return (%): Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage.

Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months.

Value Level: Price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual.

Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.

Risky Level: Price at which to enter a GTC limit order to sell on strength.
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ANF $20.81 2.00%
BKE $36.06 -5.80%
CAT $71.83 2.10%
DD $56.11 1.30%
IBM $152.24 1.40%


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

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